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Are you in wrong topic ? U should be buyng more ESR .. buy esr la.. sell sanana la.. :)
ESR may not be the best but they have the experience and connections and relationship with the tenants and banks.
You cannot use the term " all managers are good managers" like how " all schools are good schools" is used. There will be managers who are better than ESR, there are also managers who are less experienced and worse off.
So to find a top rated manager (you can even go Mapletree look for one manager), you will need to pay top money. If u want to save $$$ and pay low salary then u get the not so top/average manager. In the end, the cost effectiveness of the new manager is still unknown.
U pay high salary to top manager but then it will cost more than ESR and eat into DPU. U pay low salary to lousy manager but then the manager may not perform to expectation, it will also affect DPU. So many risks and unknowns.
There is no information from Quarz yet on the manager and the costs. So there is no guarantee that they will be able to find a good manager at a cost that will improve DPU. They only promise they will TRY TO FIND. But u all already vote for it without knowing the concrete information. So is like giving a blank cheque to Quarz.
Imagine they go talk to potential good managers now but they all ask for high salary, then Quarz/trustee will not be able to procure the internal manager due to the cost and then how? keep asking Donald Han to be interim manager for unknown period of time? bobiewong ( Date: 11-Aug-2023 08:50) Posted:
| Luckyguy being lucky has no experience in managing buildings. But there are many building managers out there, with better experience than ESR. The whole Singapore has many well managed buildings, they are all managed by managers. If you have no experience is ok, you need to have the money. |
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Luckyguy being lucky has no experience in managing buildings. But there are many building managers out there, with better experience than ESR. The whole Singapore has many well managed buildings, they are all managed by managers. If you have no experience is ok, you need to have the money.
That' s what i saying. Both Volare and Quarz have no experience managing reits but they want to internalise the reits.
Is like a football watching fan who has no experience managing an English football club level being tasked to source for players for a football club. Even if he/she finds some trustee to help him/her buy players, still some risks involved.
It would be better if the one who is asked to sourced for players has experience managing English football club before.
eddyeddy ( Date: 11-Aug-2023 08:22) Posted:
They are only investors . Which REIT is being managed by them ?
luckyguy3 ( Date: 11-Aug-2023 08:20) Posted:
| Both Volare and Quarz have experience managing reits |
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They are only investors . Which REIT is being managed by them ?
luckyguy3 ( Date: 11-Aug-2023 08:20) Posted:
Both Volare and Quarz have experience managing reits?
Niburu ( Date: 10-Aug-2023 23:16) Posted:
If you go through the facts, you will know Volare is not the party that initiate the " internalisation" plan. Up till the end of voting, nobody knows how Volare will vote but apparently Volare thinks the " internalisation" plan by Quarz is workable or at lest is aligned with their interest. Volare is a Swiss conglomerate with business interest in real estates and fossil fuels. When they decided to increase their stake in Sabana by 10%, Volare said in it' s filing " The partial offer by the offeror is for investment purpose as the offeror wishes to diversify its business lines away from fossil fuels and increasingly build up its real estate portfolio" .
Read what you want into their statement but Volare Group isn' t a new kid on the block and will Volare be happy with just collecting the annual dividends from reits like what a Singaporean' s retireee do? |
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Both Volare and Quarz have experience managing reits?
Niburu ( Date: 10-Aug-2023 23:16) Posted:
If you go through the facts, you will know Volare is not the party that initiate the " internalisation" plan. Up till the end of voting, nobody knows how Volare will vote but apparently Volare thinks the " internalisation" plan by Quarz is workable or at lest is aligned with their interest. Volare is a Swiss conglomerate with business interest in real estates and fossil fuels. When they decided to increase their stake in Sabana by 10%, Volare said in it' s filing " The partial offer by the offeror is for investment purpose as the offeror wishes to diversify its business lines away from fossil fuels and increasingly build up its real estate portfolio" .
Read what you want into their statement but Volare Group isn' t a new kid on the block and will Volare be happy with just collecting the annual dividends from reits like what a Singaporean' s retireee do?
luckyguy3 ( Date: 10-Aug-2023 22:46) Posted:
Yes.. Quarz/Volare? submitted/support a " plan-to" plan for the EGM. If there is a lesson to be learn, it is how not to do something with a " plan-to" plan but instead should have a " ready to" plan. Today share price dropped shows that most investors are not happy with the " plan-to" plan submitted by Quarz.
Imagine had Quarz annouced a concrete plan immediately after the EGM, the share price should have risen to 45 cents today but instead it dropped to 39 cents. Some ppl say Quarz did not submit a concrete plan so as not to give the game away before the EGM voting. Now that EGM is over for so many days, the only Quarz say is to " beg" for the ESR employed staff to stay, do u call it a good plan? |
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If you go through the facts, you will know Volare is not the party that initiate the " internalisation" plan. Up till the end of voting, nobody knows how Volare will vote but apparently Volare thinks the " internalisation" plan by Quarz is workable or at lest is aligned with their interest. Volare is a Swiss conglomerate with business interest in real estates and fossil fuels. When they decided to increase their stake in Sabana by 10%, Volare said in it' s filing " The partial offer by the offeror is for investment purpose as the offeror wishes to diversify its business lines away from fossil fuels and increasingly build up its real estate portfolio" .
Read what you want into their statement but Volare Group isn' t a new kid on the block and will Volare be happy with just collecting the annual dividends from reits like what a Singaporean' s retireee do?
luckyguy3 ( Date: 10-Aug-2023 22:46) Posted:
Yes.. Quarz/Volare? submitted/support a " plan-to" plan for the EGM. If there is a lesson to be learn, it is how not to do something with a " plan-to" plan but instead should have a " ready to" plan. Today share price dropped shows that most investors are not happy with the " plan-to" plan submitted by Quarz.
Imagine had Quarz annouced a concrete plan immediately after the EGM, the share price should have risen to 45 cents today but instead it dropped to 39 cents. Some ppl say Quarz did not submit a concrete plan so as not to give the game away before the EGM voting. Now that EGM is over for so many days, the only Quarz say is to " beg" for the ESR employed staff to stay, do u call it a good plan?
Niburu ( Date: 10-Aug-2023 22:35) Posted:
So you think the recent series of corporate actions by Volare Group and Quarz are done by someone without a plan in mind. Fool is the one who despite holding the upper hand initially, got outplayed and outclassed, finally losing their control over their own reit. If there is a lesson to be learn, it is how not to " manage your reit til you lose it" , by ESR Group.
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Yes.. Quarz/Volare? submitted/support a " plan-to" plan for the EGM. If there is a lesson to be learn, it is how not to do something with a " plan-to" plan but instead should have a " ready to" plan. Today share price dropped shows that most investors are not happy with the " plan-to" plan submitted by Quarz.
Imagine had Quarz annouced a concrete plan immediately after the EGM, the share price should have risen to 45 cents today but instead it dropped to 39 cents. Some ppl say Quarz did not submit a concrete plan so as not to give the game away before the EGM voting. Now that EGM is over for so many days, the only Quarz say is to " beg" for the ESR employed staff to stay, do u call it a good plan?Niburu ( Date: 10-Aug-2023 22:35) Posted:
So you think the recent series of corporate actions by Volare Group and Quarz are done by someone without a plan in mind. Fool is the one who despite holding the upper hand initially, got outplayed and outclassed, finally losing their control over their own reit. If there is a lesson to be learn, it is how not to " manage your reit til you lose it" , by ESR Group.
luckyguy3 ( Date: 10-Aug-2023 22:19) Posted:
| Yes indeed.. Quarz and Volare will be the fool in the end that crash Sabana reit to 30 cents with their nonsense internalisation |
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So you think the recent series of corporate actions by Volare Group and Quarz are done by someone without a plan in mind. Fool is the one who despite holding the upper hand initially, got outplayed and outclassed, finally losing their control over their own reit. If there is a lesson to be learn, it is how not to " manage your reit til you lose it" , by ESR Group.
luckyguy3 ( Date: 10-Aug-2023 22:19) Posted:
Yes indeed.. Quarz and Volare will be the fool in the end that crash Sabana reit to 30 cents with their nonsense internalisation.
Niburu ( Date: 10-Aug-2023 22:11) Posted:
| Indeed. ESR Group will look like a fool then when they not only lose SREIM, but also their control over Sabana Reits and all it' s properties to Volare Group and Quarz. |
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Yes indeed.. Quarz and Volare will be the fool in the end that crash Sabana reit to 30 cents with their nonsense internalisation.
Niburu ( Date: 10-Aug-2023 22:11) Posted:
Indeed. ESR Group will look like a fool then when they not only lose SREIM, but also their control over Sabana Reits and all it' s properties to Volare Group and Quarz.
luckyguy3 ( Date: 10-Aug-2023 20:00) Posted:
| Agree.. when share price reaches 30 cents.. someone will be the fool. LO |
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Indeed. ESR Group will look like a fool then when they not only lose SREIM, but also their control over Sabana Reits and all it' s properties to Volare Group and Quarz.
luckyguy3 ( Date: 10-Aug-2023 20:00) Posted:
Agree.. when share price reaches 30 cents.. someone will be the fool. LOL
ehclim ( Date: 10-Aug-2023 18:58) Posted:
| He makes himself a fool only. LOL |
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Agree.. when share price reaches 30 cents.. someone will be the fool. LOL
ehclim ( Date: 10-Aug-2023 18:58) Posted:
He makes himself a fool only. LOL.
sangsang1 ( Date: 10-Aug-2023 18:46) Posted:
i think everyone can see what luckyguy possible motive is. trying to get sabana low so that maybe esr wants to engineer some funny games again 
Dyodd la |
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Internalisation can be done much faster than one year. No one will have an interest in delaying the whole thing. Regulators might see this as an opportunity to advance SG Reit ecosystem. This is not about new laws but about instituting some new guidelines, if at all. My guess: Can be done in a couple of months.
ehclim ( Date: 10-Aug-2023 18:41) Posted:
It is just an arbitrarily timeline only. No one has any experience of carry out internalization process.
luckyguy3 ( Date: 10-Aug-2023 18:08) Posted:
The whole internalisation process takes up to 1 year or more. So I think the share price will grind down slowly but surely to 30-34 cents region. So no hurry to pick up now..
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He makes himself a fool only. LOL.
sangsang1 ( Date: 10-Aug-2023 18:46) Posted:
i think everyone can see what luckyguy possible motive is. trying to get sabana low so that maybe esr wants to engineer some funny games again
Dyodd la |
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i think everyone can see what luckyguy possible motive is. trying to get sabana low so that maybe esr wants to engineer some funny games again
Dyodd la
great buying opportunity now, 1H23 DPU at 1.61 cents, x2 = 3.22 cents.. will be even more after adding the new AEI, internalisation. leverage also low..
DBS probably unhappy no chance of placements and rights opportunitty now liao at Sabana that' s why do this. Shameful.
It is just an arbitrarily timeline only. No one has any experience of carry out internalization process.
luckyguy3 ( Date: 10-Aug-2023 18:08) Posted:
The whole internalisation process takes up to 1 year or more. So I think the share price will grind down slowly but surely to 30-34 cents region. So no hurry to pick up now..
aragosta ( Date: 10-Aug-2023 17:19) Posted:
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These days prices seems to go opposite of analyst recommendation.
Should sit back and watch
luckyguy3 ( Date: 10-Aug-2023 18:07) Posted:
DBS research downgrade target price to 30 cents.
vivacious ( Date: 10-Aug-2023 17:13) Posted:
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The whole internalisation process takes up to 1 year or more. So I think the share price will grind down slowly but surely to 30-34 cents region. So no hurry to pick up now..
aragosta ( Date: 10-Aug-2023 17:19) Posted:
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DBS research downgrade target price to 30 cents.
vivacious ( Date: 10-Aug-2023 17:13) Posted:
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